Smyth Solutions Industry Solutions
Smyth Solution Industry Solutions
Smyth Solutions DEDUCTION AUDIT & RECOVERY

Leading companies use Deduction-Revenue Audit & Recovery to recapture millions of dollars that slip through the revenue cycle cracks. Our deliverables include a rigorous audit, detailed research, and most importantly, recovery of the lost revenues and profits. You will receive a Management Report with root causes and improvement opportunities. Seamlessly executed, with outstanding customer service and without disruption to your operations.

Over 80% of deductions do not match the credit memo, and up to 20% are invalid or materially overstated. We analyze and recapture this "profit leakage", including trade promotions, post audits, freight claims, shortages, non-deliveries, rebates, contract pricing, cash discounts, vendor violations, duplicates, price-protection, ship and debit, returns variances, double discounts and credits, reconciliation, sales tax, etc. Our audit services cover every area where business disputes and process errors occur.

Virtuous Cycle

Our turnkey, focused approach yields greater recoveries with no staff interruption. With our "virtuous cycle" of Identify > Research > Document > Collect, we:

  • Cleanup deduction backlogs
  • Review write-offs
  • Reconcile transactions
  • Recover excessive deductions
  • Identify root causes

Escheatment - We reconcile and apply credit memos to clean up your books and identify those you can reverse to the bottom line, while avoiding escheatment forfeitures.

UNBILLED REVENUE AUDIT & RECOVERY

Your company may have significant Unbilled Revenue that results from high volumes, system snafus or offline processes. We'll uncover significant revenue findings with no interruption to your staff. Our rigorous process, expert auditing, and computer analytics will:

  • Identify and document unbilled sales
  • Recover cash or credit
  • Identify root causes of systemic problems

Management Report

A professional and focused approach leads to greater results with no interruption to your staff. Our professionals work hand-in-hand with your staff to achieve your objectives and to ensure knowledge transfer to leverage our work in the future.

In addition, at the end of each engagement, we deliver a Management Report:

  • Report on the engagement objectives and deliverables
  • Identify areas of profit, revenue and cash flow improvement
  • Suggest controls and enhancements
  • Outline an ongoing audit process
  • Deliver end-of-engagement recommendations for best practices.
Smyth Solutions
Smyth Solution Industry Solutions
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